DailyMarkets.com - America’s Message To The Rest Of The World: You Send Us Oil And Cheap Plastic Gadgets And We’ll Send You Our Wealth And Prosperity

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• America’s Message To The Rest Of The World: You Send Us Oil And Cheap Plastic Gadgets And We’ll Send You Our Wealth And Prosperity
• Stocks To Watch For Thursday: AIG, Hewlett Packard, Teva, Walt Disney, BP
• Cooper Outperforms, Profit Zooms
• Forex – GBP/USD Erases Gains After Halifax HPI Dips
• Richard Bernstein’s 11 Themes For 2011
• Jim Rogers: U.S. Inflation Data Is “a Sham”
• Trade Of 2010 – Long Silver, Short Treasuries
• “Europe’s Bric”: Turkey
• Picture Du Jour: Europe’s Budget Deficits By Colors
• Niall Ferguson: Will China Bail Out EU?
• U.K. Trade Deficit Widens Unexpectedly In October
• Laugh Out Loud: Signs From Around The World …
• European Stocks Rise On Financials; DAX Gains 0.07%
• Forex – USD/JPY Down As Japan’s GDP Grows Faster Than Initial Estimate
• Forex – Dollar Down Vs. Rivals As Treasury Rally Ebbs
• Forex – NZD/USD Erases Losses Supported By Australia Jobs Data
• Halifax U.K. House Price Index Falls Unexpectedly In November
• Forex – AUD/USD Hits 2-day High After Upbeat Aussie Jobs Report
• Forex – GBP/USD Hits 12-day High As U.S. Treasury Yields Fall Back
• Asia Stocks Broadly Higher On Upbeat Regional Data; Nikkei Up 0.52%
• Forex – Euro Hits 2-day High As Dollar Falls Back
• Reserve Bank Of New Zealand Leaves Interest Rate Unchanged
• Momentum Stock: Polaris Industries, Inc.
• Growth & Income Stock: Wolverine World Wide, Inc.
• Aggressive Growth Stock: TRW Automotive
• Bear Of The Day: Williams Companies (WMB)
• Bull Of The Day: Osiris Therapeutics (OSIR)
• Will Gold See Another Day Of Follow-Through Selling On Thursday?
• Forex – EUR/USD Up During The Asian Session
• Bullish-Looking Stocks For Thursday: CIT Group, Broadcom, Autodesk, Coventry Health Care, American Capital, Dominos Pizza
• Crude Oil Continues To Consolidate Gains, Gold Sinks As Treasury Yields Soar
• Forex – GBP/USD Up During The Asian Session
• Forex – USD/CHF Down During The Asian Session
• Forex – EUR/GBP Up During The Asian Session
• Three Reasons Small & Mid-Cap ETFs Are Outperforming
• Forex – USD/JPY Down During The Asian Session
• Forex – USD/CAD Down During The Asian Session
• Forex – AUD/USD Up During The Asian Session
• ‘We’re Just Getting Swamped’
• Why The Tax Deal Confirms The Republican Worldview

America’s Message To The Rest Of The World: You Send Us Oil And Cheap Plastic Gadgets And We’ll Send You Our Wealth And Prosperity Posted: 09 Dec 2010 03:35 AM PST Have you ever seen pictures of extravagant wealth from places such as Dubai or Abu Dhabi and wondered where in the world they got all that money from?  Have you ever read news stories that talk about China lending us hundreds of billions of dollars and wondered how they could possibly have so much wealth?  Well, it is actually quite simple.  They got much of it from us.  Every month, the United States buys much more from the rest of the world then they buy from us.  It is called a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stocks To Watch For Thursday: AIG, Hewlett Packard, Teva, Walt Disney, BP Posted: 09 Dec 2010 03:21 AM PST A consortium composed of Repsol, British Gas and Pan American Energy will invest USD 1.298bln in developing the Margarita and Huacaya gas fields in Bolivia. (Cinco Dias) UK BP (NYSE:BP) – OGDCL has submitted bid for co.'s assets in Pakistan along with PPL, according to an OGDCL spokesman. (RTRS) Standard Chartered – Co. says performance meets expectations, and is on track to deliver profit next year. Co. also specified that their liquidity position remains strong. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cooper Outperforms, Profit Zooms Posted: 09 Dec 2010 03:05 AM PST Eye-care and surgical products maker Cooper Companies Inc. (NYSE:COO) reported healthy fourth-quarter fiscal 2010 (ended October 31) results with adjusted earnings per share of $1.09 outdoing the Zacks Consensus Estimate of 86 cents and the year-ago earnings of 67 cents. For fiscal 2010, adjusted earnings per share of $3.10 also outperformed the Zacks Consensus Estimate of $2.87 while exceeding the year-ago earnings of $2.29. Adjusted earnings exclude litigation settlement charges, restructuring … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Erases Gains After Halifax HPI Dips Posted: 09 Dec 2010 03:00 AM PST Forex Pros – The pound erased gains against the U.S. dollar on Thursday, falling to a fresh daily low, after a report showed that British house prices declined unexpectedly in November. GBP/USD retreated from 1.5841, the pair's highest since November 23, to hit 1.5761 during European morning trade, shedding 0.26%. Cable was likely to find support at 1.5655, the low of December 6 and resistance at 1.5964, the high of November 23. Earlier in the day, the Halifax Bank of Scotland said its … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Richard Bernstein’s 11 Themes For 2011 Posted: 09 Dec 2010 02:19 AM PST Richard Bernstein of Richard Bernstein Advisors (previously Chief Investment Strategist and Head of the Investment Strategy Group at Merrill Lynch) has just formulated his top 11 predictions for next year. Bernstein's thoughtful ideas come courtesy of The Big Picture … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Jim Rogers: U.S. Inflation Data Is “a Sham” Posted: 09 Dec 2010 02:17 AM PST U.S. government inflation data is "a sham" and is causing the Federal Reserve to vastly understate price pressures in the economy,  said Jim Rogers. The U.S. central bank uses inflation data that relies too heavily on housing prices, Rogers told the Reuters 2011 Investment Outlook Summit, and he criticized the Fed's $600 billion bond-buying program. "I expect interest rates in the U.S. to go much, much, much higher over the next few years. Real assets are the way to protect … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Trade Of 2010 – Long Silver, Short Treasuries Posted: 09 Dec 2010 02:13 AM PST I noted the following on January 10 in a Words from the Wise review: "Will we perhaps look back at these assets [referring to bonds and silver] a year from now and see one of the worst and one of the top performers respectively for 2010? A long silver, short Treasuries trade makes perfect sense to me." I have on a number of occasions since highlighted bearish articles on Treasuries and bullish articles on gold. Although I have not recently written anything specifically about silver, I … [visit site to read more] or compare Best Credit Cards and Best CD Rates

“Europe’s Bric”: Turkey Posted: 09 Dec 2010 02:04 AM PST Turkey's stock market has been one of the strongest performers among emerging economies this year as the country bounces back from a recession. The country has even been praised as "Europe's Bric" by the British prime minister. In the video clip, Tevfik Aksoy, a senior economist at Morgan Stanley, talks to Barney Jopson about Turkey's prospects. Click here or on the image below to view the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Picture Du Jour: Europe’s Budget Deficits By Colors Posted: 09 Dec 2010 02:00 AM PST The map below comes courtesy of The Economist (via Business Insider – Money Game) and provides a handy illustration of where to find the European trouble … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Niall Ferguson: Will China Bail Out EU? Posted: 09 Dec 2010 02:00 AM PST Niall Ferguson, financial and economic historian from Harvard University, and the FT's Gillian Tett on the EU crisis and possible help from … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.K. Trade Deficit Widens Unexpectedly In October Posted: 09 Dec 2010 01:51 AM PST Forex Pros – The U.K.'s trade deficit widened unexpectedly in October, official data showed on Thursday. In a report, the U.K. Office for National Statistics said the country’s trade deficit widened to a seasonally adjusted GBP 8.5 billion in October, compared to a deficit of GBP 8.4 billion in September, whose figure was revised from a deficit of GBP 8.2 billion. Economists had expected the trade deficit to narrow to GBP 8.1 billion in October. The report said that the volume of exports … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Laugh Out Loud: Signs From Around The World … Posted: 09 Dec 2010 01:45 AM PST … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Stocks Rise On Financials; DAX Gains 0.07% Posted: 09 Dec 2010 01:45 AM PST Forex Pros – European stocks advanced on Wednesday, as shares in the financial sector led markets higher, while U.S. futures indexes pointed to a higher open on Wall Street. During European morning trade, the EURO STOXX 50 jumped 0.53%; France's CAC 40 gained 0.38%; while Germany’s DAX added 0.07%. Shares in the financial sector were broadly higher. France's largest lender Societe Generale saw shares rally 3.16%, Germany's Deutsche Bank saw shares jump 1.66%, while shares in Spain's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Down As Japan’s GDP Grows Faster Than Initial Estimate Posted: 09 Dec 2010 01:36 AM PST Forex Pros – The U.S. dollar was down against the yen on Thursday, falling to a daily low as U.S. Treasury bond yields pulled back from a six month high, dampening demand for the dollar. USD/JPY hit 83.66 during European morning trade, the daily low; the pair subsequently consolidated at 83.93, shedding 0.13%. The pair was likely to find short-term support at 83.45, Wednesday's low and resistance at 84.39, the high of November 29 and a 2-month high. Earlier in the day, official data … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Down Vs. Rivals As Treasury Rally Ebbs Posted: 09 Dec 2010 12:44 AM PST Forex Pros – The U.S. dollar was down against all of its major counterparts on Thursday, as U.S. Treasury yields retreated from a six month high, dampening demand for the greenback. During European morning trade, the greenback was down against the euro, with EUR/USD rising 0.26% to hit 1.3297. The greenback was also up against the pound with GBP/USD easing up 0.07% to hit 1.5815. Earlier in the day, industry data showed that British house prices declined unexpectedly in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Erases Losses Supported By Australia Jobs Data Posted: 09 Dec 2010 12:32 AM PST Forex Pros – New Zealand's dollar erased losses against its U.S. counterpart on Thursday, as the release of stronger-than-expected Australian jobs data overshadowed a dovish rate statement by New Zealand's central bank. NZD/USD clawed up from 0.7454, the daily low, to hit 0.7489 during early European trade, gaining 0.18%. The pair was likely to find support at 0.7401, the low of December 1 and resistance at 0.7577, Wednesday's high. Earlier Thursday, the Reserve Bank of New Zealand … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Halifax U.K. House Price Index Falls Unexpectedly In November Posted: 09 Dec 2010 12:07 AM PST Forex Pros – British house prices declined unexpectedly in November, industry data showed on Thursday. In a report, the Halifax Bank of Scotland said its House Price Index fell by 0.1% in November, after rising by 1.8% in October. Economists expected the index to rise by 0.6% in November. Following the release of that data, the pound was up against the U.S. dollar, with GBP/USD gaining 0.04% to hit 1.5811. Meanwhile, European stock markets were up after the open. The FTSE 100 gained … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Hits 2-day High After Upbeat Aussie Jobs Report Posted: 09 Dec 2010 12:06 AM PST Forex Pros – The Australian dollar was up against its U.S. counterpart on Thursday, rising to a 2-day high after data showed that Australian employment surged in November, easing fears over a slowdown in the rate of economic growth. AUD/USD hit 0.9884 during late Asian trade, the pair's highest since Tuesday; the pair subsequently consolidated at 0.9869, surging 0.75%. The pair was likely to find support at 0.9752, Wednesday's low and resistance at 0.9927, the high of December … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Hits 12-day High As U.S. Treasury Yields Fall Back Posted: 08 Dec 2010 11:49 PM PST Forex Pros – The pound was up against the U.S. dollar on Thursday, surging to a 12-day high as the dollar lost ground after U.S. Treasury bond yields retreated from a six month high. GBP/USD hit 1.5841 during late Asian trade, the pair's highest since November 23; the pair subsequently consolidated at 1.5826, gaining 0.14%. Cable was likely to find support at 1.5655, the low of December 6 and resistance at 1.5964, the high of November 23. On Wednesday, U.S. Treasury yields rose to their … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Asia Stocks Broadly Higher On Upbeat Regional Data; Nikkei Up 0.52% Posted: 08 Dec 2010 11:48 PM PST Forex Pros – Asian stocks were broadly higher on Thursday, as the Nikkei was boosted by an upward revision to Japanese GDP data, while shares in Australia were higher following upbeat employment data. During late Asian trade, Hong Kong’s Hang Seng Index was up 0.34%, South Korea’s Kospi Composite jumped 1.70%, while Japan's Nikkei 225 Index gained 0.52%. Earlier in the day, official data showed that Japan's economy grew more-than-expected in the third quarter, expanding by a seasonally … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Euro Hits 2-day High As Dollar Falls Back Posted: 08 Dec 2010 11:28 PM PST Forex Pros – The euro was up against the U.S. dollar on Thursday, rising to a 2-day high as U.S. Treasury yields pulled back from a six month high, dampening demand for the greenback. EUR/USD hit 1.3323 during late Asian trade, the pair's highest since Tuesday; the pair subsequently consolidated at 1.3301, gaining 0.30%. The pair was likely to find support at 1.3179, Wednesday's low and resistance at 1.3437, the high of December 3. On Wednesday, U.S. Treasury yields rose to their … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Reserve Bank Of New Zealand Leaves Interest Rate Unchanged Posted: 08 Dec 2010 11:11 PM PST Forex Pros – The Reserve Bank of New Zealand kept its benchmark interest rate unchanged in December, it announced on Thursday. In a statement, the RBNZ said it was keeping its benchmark interest rate unchanged at 3.00% in December, broadly in line with expectations. Commenting on the decision, central bank Governor Alan Bollard said, ""While interest rates are likely to increase modestly over the next two years, for now it seems prudent to keep the OCR low until the recovery becomes … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Momentum Stock: Polaris Industries, Inc. Posted: 08 Dec 2010 11:05 PM PST Polaris Industries, Inc. (NYSE:PII) has broken any thaw on its share price from 2009, recently hitting a new multi-year high at $77.93 after reporting strong Q3 results in late October that included a 20% earnings surprise. With estimates on the rise and a bullish growth projection, this Zacks #1 rank stock has the right engine for momentum. Company Description Polaris Industries, Inc, designs, manufactures and sells off-road vehicles worldwide. The company was founded in 1987 and has a market cap … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Growth & Income Stock: Wolverine World Wide, Inc. Posted: 08 Dec 2010 11:05 PM PST Wolverine World Wide, Inc. (NYSE:WWW) carried its strong momentum into the third quarter and delivered its third consecutive positive earnings surprise. The company is seeing strong top-line growth in each division while also leveraging its operating expenses. The company also has a history of rewarding its shareholders through dividend increases and stock buybacks. With a PEG ratio of 1.0, this Zacks #2 Rank (Buy) stock looks compelling. Company Description Wolverine World Wide markets branded … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aggressive Growth Stock: TRW Automotive Posted: 08 Dec 2010 11:05 PM PST TRW Automotive Holdings Corp (NYSE:TRW) is trading at its highest levels in more than 5 years, thanks to strong management and an industry-wide recovery. Thanks to rising estimates, this Zacks #1 Rank (Strong Buy) is trading at a good value on top of its multiplying earnings. Company Description TRW Automotive is one of the biggest auto suppliers in the world. The company makes vehicle control and driver assist systems, braking systems, seat belts, airbags and many other components that go into … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bear Of The Day: Williams Companies (WMB) Posted: 08 Dec 2010 11:05 PM PST We are downgrading our rating on Williams Companies (NYSE:WMB) shares to Underperform from Neutral, following lower third quarter results. The company’s exploration and production business unit posted a disappointing performance, reflecting management’s decision to cut drilling amid the low price scenario. Williams’ exposure to volatility in natural gas and natural gas liquids prices also remain a key area of concern, in our view. In addition, the lack of takeaway capacity from the Rocky Mountains … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bull Of The Day: Osiris Therapeutics (OSIR) Posted: 08 Dec 2010 11:05 PM PST Osiris Therapeutics (NASDAQ:OSIR) reported third quarter earnings of $0.14 per share, well above the Zacks Consensus Estimate of a profit of $0.04 and the year-ago loss of $0.21. Results were mainly driven by lower operating expenses. Revenues of $10.8 million were just above the Zacks Consensus Estimate of $10 million. Lead pipeline candidate Prochymal has the potential to be a sort of a wonder drug for various inflammatory or tissue damage indications. Prochymal could be a billion-dollar … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Will Gold See Another Day Of Follow-Through Selling On Thursday? Posted: 08 Dec 2010 10:44 PM PST Over the past 2 weeks we have seen the market sentiment change three times from extreme bullish to bearish and back to bullish as of today. Normally we don't see the herd (average Joe) switch trading directions this quickly. Over the past 10 years I found that the average time for the herd to reach an extreme bullish or bearish bias takes between 4-6 weeks in length. It is this herd mentality which makes for some excellent trend trading opportunities. But with the quantitative easing, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up During The Asian Session Posted: 08 Dec 2010 10:10 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Thursday. EUR/USD was trading at 1.3311, up 0.37% at time of writing. The pair was likely to find support at 1.3180, Wednesday's low, and resistance at 1.3423, Monday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.21% to hit 0.8410 and EUR/JPY rising 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bullish-Looking Stocks For Thursday: CIT Group, Broadcom, Autodesk, Coventry Health Care, American Capital, Dominos Pizza Posted: 08 Dec 2010 10:07 PM PST Here are a few stocks I like heading into Thursday. All of these stocks have been consolidating nicely. American Capital (NASDAQ:ACAS) – Been consolidating nicely for over a month. Bullish volume pattern. Like it at new highs. American Capital (NASDAQ:ACAS) Autodesk (NASDAQ:ADSK) – Been ranging nicely after a big move up. Like it over 38. Broadcom (NASDAQ:BRCM) – Like it on break of Wednesday’s highs. CIT Group (NYSE:CIT) – Nice bullish volume pattern the last few days. Consolidated nicely after the big … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Oil Continues To Consolidate Gains, Gold Sinks As Treasury Yields Soar Posted: 08 Dec 2010 09:31 PM PST Commodities – Energy Crude Oil Continues to Consolidate Gains Crude Oil (WTI) – $88.96 // $0.68 // 0.77% Commentary: Crude oil fell slightly for a second day as traders continued to take profits after a brief foray above $90 on Tuesday. Prices settled $0.41, or 0.46%, lower at $88.28. The economic calendar was again extremely light, with traders now turning to Thursday's U.S. initial jobless claims numbers for a snapshot of the labor market. The most significant release on … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Up During The Asian Session Posted: 08 Dec 2010 09:25 PM PST Forex Pros – The British Pound was higher against the U.S. Dollar on Thursday. GBP/USD was trading at 1.5824, up 0.13% at time of writing. The pair was likely to find support at 1.5656, Monday's low, and resistance at 1.5834, today's high. Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.21% to hit 0.8410 and GBP/JPY falling 0.22% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Down During The Asian Session Posted: 08 Dec 2010 08:50 PM PST Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Thursday. USD/CHF was trading at 0.9834, down 0.28% at time of writing. The pair was likely to find support at 0.9726, Monday's low, and resistance at 0.9916, Wednesday's high. Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.34% to hit 1.3307 and USD/JPY falling 0.33% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Up During The Asian Session Posted: 08 Dec 2010 08:20 PM PST Forex Pros – The Euro was higher against the British Pound on Thursday. EUR/GBP was trading at 0.8413, up 0.25% at time of writing. The pair was likely to find support at 0.8363, Wednesday's low, and resistance at 0.8512, Monday's high. Meanwhile, the Euro was up against the U.S. Dollar and down against the Japanese Yen, with EUR/USD gaining 0.32% to hit 1.3305 and EUR/JPY falling 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Three Reasons Small & Mid-Cap ETFs Are Outperforming Posted: 08 Dec 2010 08:17 PM PST Small cap and mid-cap stocks and ETFs have been known to be at the forefront of growth during times of economic recoveries, and over the past few months, they have been leaving large caps in the dust.  In fact, historical data shows that small-cap stocks have outperformed their large-cap counterparts during three of the past five recessions, while mid-cap stocks have outperformed their large-cap counterparts in each of the past five recessions.  A major reason behind this … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Down During The Asian Session Posted: 08 Dec 2010 07:40 PM PST Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Thursday. USD/JPY was trading at 83.78, down 0.31% at time of writing. The pair was likely to find support at 82.34, Tuesday's low, and resistance at 84.30, Wednesday's high. Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.37% to hit 1.3311 and GBP/USD rising 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Down During The Asian Session Posted: 08 Dec 2010 07:10 PM PST Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Thursday. USD/CAD was trading at 1.0099, down 0.16% at time of writing. The pair was likely to find support at 1.0012, Tuesday's low, and resistance at 1.0141, Wednesday's high. Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.35% to hit 1.3309 and GBP/USD rising 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Up During The Asian Session Posted: 08 Dec 2010 06:30 PM PST Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Thursday. AUD/USD was trading at 0.9881, up 0.87% at time of writing. The pair was likely to find support at 0.9753, Wednesday's low, and resistance at 0.9965, Tuesday's high. Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.47% to hit 1.3475 and AUD/JPY rising 0.47% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

‘We’re Just Getting Swamped’ Posted: 08 Dec 2010 06:20 PM PST In a recent column for DailyFinance, “The Coming Property Tax Cliff Means More Bad News for Municipal Finances,” I questioned the conclusion of a Federal Reserve staff working paper that property taxes would be unlikely to fall sharply in coming years. How realistic it is to assume that property taxes won’t be affected by the same economic pressures that have undermined other sources of revenue? While sales and income taxes have so far suffered most from weak labor markets, stagnant incomes … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Why The Tax Deal Confirms The Republican Worldview Posted: 08 Dec 2010 03:53 PM PST Apart from its extraordinary cost and regressive tilt, the tax deal negotiated between the President and the Republicans has another fatal flaw. It confirms the Republican worldview. Americans want to know what happened to the economy and how to fix it. At least Republicans have a story – the same one they've been flogging for thirty years. The bad economy is big government's fault and the solution is to shrink government. Here's the real story. For three decades, an increasing share of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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